Showing 1 - 10 of 79
We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. The UK (until 2014) provided an ideal setting to explore the impact of housing transfer taxes on mobility decisions. This is partly because the stamp duty liability is quite substantial, at least for...
Persistent link: https://www.econbiz.de/10011476354
This paper examines the determinants of internal migration in a context where wages tend to be rather inflexible at a regional scale so that regional labor demand shocks have a prolonged impact on employment rates. Regional income differentials, then, reflect both regional pay and employment...
Persistent link: https://www.econbiz.de/10011539301
The population growth of cities in industrialized countries is characterized by striking disparities. While some cities experience a kind of resurgence in recent years others suffer from an ongoing depopulation. In this context an important issue refers to the question whether labour market...
Persistent link: https://www.econbiz.de/10011515613
This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single-family housing in Germany. Construction activity in local housing markets (measured by new housing permits related to the local housing stock) is modeled as a function of local...
Persistent link: https://www.econbiz.de/10011517966
Persistent link: https://www.econbiz.de/10011800604
Persistent link: https://www.econbiz.de/10011866304
I estimate the impact of market-rate new housing supply on the local rent distribution. As an exogenous shifter of new housing supply, I exploit local weather shocks during the construction phase that lead to temporary delays in housing completions at the municipal level. Adding one new housing...
Persistent link: https://www.econbiz.de/10012426635
Persistent link: https://www.econbiz.de/10013254635
Subsidizing homeownership makes cities decentralize, so Muth (1967) suggested over half a century ago, and so Voith …'s hypothesis". We analyze a homeownership subsidy's effects on urban form, by turning to Germany's 2005 subsidy repeal. Because … decentralizing role of the original homeownership subsidy. Inasmuch decentralization begets greater carbon dioxide emissions …
Persistent link: https://www.econbiz.de/10013326518
This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...
Persistent link: https://www.econbiz.de/10013330608